Cost Accountant

Job Description

We are looking for a detail-oriented Cost Accountant to join our team on a long-term contract basis in Red Wing, Minnesota. In this role, you will play a pivotal part in ensuring the accuracy of inventory valuation, cost of goods sold, and financial reporting. As a key member of the Supply Chain Finance team, you will collaborate closely with manufacturing, engineering, materials, and product creation teams to streamline processes and provide actionable financial insights.

Responsibilities:

• Lead standard cost activities, including annual cost roll, new product costing, and engineering change implementations.

• Prepare precise product costs based on bill of material structures, ensuring accuracy and timeliness.

• Perform complex reconciliations and root cause analysis for transaction discrepancies, followed by corrective journal entries.

• Conduct daily and month-end close activities, including variance analysis and preparation of financial reviews.

• Create and maintain accurate balance sheet reconciliations while adhering to accounting policies and compliance standards.

• Support the month-end close process by reporting results, analyzing variances, and communicating key metrics to stakeholders.

• Oversee verification and reconciliation processes for annual physical inventories.

• Participate in Lean Project Teams to identify process improvements and develop mechanisms for accountability.

• Assist with annual financial audits by preparing schedules and ensuring timely delivery of audit materials.

• Collaborate with manufacturing leaders to track productivity metrics and support initiatives aimed at improving efficiency across facilities.• Proven experience in cost accounting, preferably within a manufacturing environment.

• Proficiency in financial analysis and reporting, including month-end close processes.

• Advanced skills in Microsoft Excel and familiarity with other Microsoft Office tools such as Word and Outlook.

• Strong communication skills to effectively collaborate with cross-functional teams and stakeholders.

• Ability to conduct reconciliations, research discrepancies, and prepare accurate journal entries.

• Knowledge of U.S. GAAP and compliance standards.

• Experience with inventory management and costing processes, including bill of materials.

• Demonstrated ability to handle complex financial data and present actionable insights.